2715 Parade St Erie, PA 16504-2811
- Retail space
- 11,290 SF
- 1.03 lot acres
Current Use by Public Records
- Brian D. Wieczorek, RPH / Pharmacy
- Michael A. Coleman Jr, PharmD / Pharmacy
- Rite Aid Photo / Photo Lab
- Coinhub Bitcoin ATM Teller / Atm
- Cardtronics ATM / Atm
Property Details for 2715 Parade St
- Year built
- 1996
- Construction
- FRAME
- Lot size
- 1.03 lot acres
- Property size
- 11,290 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 18-050-077.0-113.00
- APU
- 18050077011300
Description
This exceptional 11,325-square-foot retail property, situated at 2715 Parade St in Erie, Pennsylvania, presents a unique investment opportunity. The building, constructed in 1996, is a single-tenant, free-standing structure on a 0.98-acre lot. Currently vacant, this former pharmacy/drug store offers high visibility and ample parking, making it ideal for a variety of retail uses. The asking price is $1,575,000, representing a land value of $11 per square foot. Located in downtown Erie, this property benefits from a strong demographic profile, with an average household income exceeding $70,759 annually within a 5-mile radius. Its convenient location offers easy access to major amenities, including the Erie Zoo (less than 2 miles away) and the Millcreek Mall complex (less than 5 miles), featuring stores like Kirkland's, Journey's, Macy's, and more. Furthermore, the property's proximity to Presque Isle State Park (12.2 miles) adds to its appeal. The property is offered for sale or lease on a net lease basis, with no tenant credit rating available as the space is currently vacant. This is a prime opportunity to acquire a well-maintained retail building in a thriving Erie, PA location. The property is offered as-is.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Erie
- County
- Erie
- State
- Pennsylvania
- Longitude
- -80.0637
- Latitude
- 42.114
- CBSA code
- 21500
- CBSA name
- ERIE, PA METROPOLITAN STATISTICAL AREA
